Australian inflation rate in 1928: 3.57%

Inflation in 1928 and Its Effect on Dollar Value

Purchasing power decreased by 3.57% in 1928 compared to 1927. On average, you would have to spend 3.57% more money in 1928 than in 1927 for the same item.

In other words, AU$1 in 1927 is equivalent in purchasing power to about AU$1.04 in 1928.

The 1927 inflation rate was -3.45%. The inflation rate in 1928 was 3.57%.
The 1928 inflation rate is lower compared to the average inflation rate of 4.12% per year between 1928 and 2019.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1928 was 2.90.
It was 2.80 in the previous year, 1927. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.

You may use the following MLA citation for this page:
“Inflation Rate in 1928 | Australia Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Sep. 2019, https://www.officialdata.org/Australia-inflation-rate-in-1928.